MGM Resorts (MGM)
Consumer · NYSE · US
Price as at 5 Sept 2026, 02:33 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
MGM Resorts trades at $41.22, which is 55% above the $18.75 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 38 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 64.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MGM dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2022 | $0.012 | 4 |
| 2021 | $0.012 | 4 |
| 2020 | $0.159 | 4 |
| 2019 | $0.520 | 4 |
| 2018 | $0.480 | 4 |
| 2017 | $0.440 | 4 |
| 2001 | $0.050 | 1 |
| 2000 | $0.025 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
MGM earnings and analyst estimates
Recommendation mix, 22 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About MGM Resorts
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. Its casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. The company's customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
Super investor ownership
20 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Christopher Davis, DAVIS SELECTED ADVISERS$1.14B · 4.9% of book
- Keith Meister, Corvex Management LP$255.69M · 7.8% of book
- Steve Cohen, Point72 Asset Management, L.P.$139.70M · 0.1% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$97.81M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$95.53M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is MGM Resorts (MGM) undervalued?
Against our fair value estimate of $18.75, MGM at $41.22 is 55% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own MGM?
20 of the institutions we track reported a position in MGM in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is MGM's P/E ratio?
MGM trades at 64.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its MGM data?
Fundamentals for MGM come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 5 Sept 2026, 02:33 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for MGM, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.